The following data is from The Greater Boston Real Estate Board. The data is from the composite report of single family homes sold in Dedham Massachusetts for the whole year of 2014. This report will show average sales prices, numbers of days on the market and the total number of units sold.

What are homes selling for in Dedham, MA?

In 2013, there were 267 closed single family homes sold in Dedham. For 2014, there were 250 homes sold in Dedham. This is a difference of about 6.5%. The sales prices for 2014 were up by almost 1%. The median sales price of a home in Dedham for 2014 was $393,250.

How long does is take to sell a home in Dedham, MA?

For 2013, homes typically took 72 days until the sale closed. This was down by almost 16% in 2014. For 2014, homes in Dedham, Mass only took 60 days until the sale.

Is it a buyer's or seller's market in Dedham, MA?

The sellers of homes in Dedham, MA were achieving 96.1% of their asking prices in Dedham. In the previous year, they were achieving 95.8% of their asking prices. This a 3/10th's of a point increase in the dollars achieved against their asking prices.

Below is an image from the report on single family home sales in Dedham, MA.

How about condos in Dedham, MA?

Condos in Dedham, MA for 2014 did not fair as well. The median sales prices for condos in Dedham against 2013 were down 11.5% from 2013. In addition to that, the sellers were receiving 2.1% less against their asking prices on their condos in Dedham from what sellers in 2013 were getting. The only real positive is that condo sales in 2014 were 20% faster than they were the year before. This can help offset some of lower sales prices by simply having to pay less taxes, insurance, and mortgage payments (if they are mortgaged).

If you need help with purchasing a home in Dedham, MA let's connect. It would be my pleasure to review all of these that stats on Dedham with you. Reach out via email at mike@mmahoney.com or via voice/txt to (617)980-9025.

If you are thinking of selling your home in Dedham,MA it would be my pleasure to offer you a competitive market analysis on your property that will help you prepare your home and position it properly in the Dedham real estate market. You can started right now at www.HomeValueBoston.com